Wheat in Canada | The Observatory of Economic Complexity

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Exports In 2022, Canada exported $8.87B in Wheat, making it the 3rd largest exporter of Wheat in the world. At the same year, Wheat was the 12th most exported product in Canada. The main destination of Wheat exports from Canada are: China ($1.53B), Japan ($814M), United States ($716M), Indonesia ($613M), and Colombia ($466M).

The fastest growing export markets for Wheat of Canada between 2021 and 2022 were China ($866M), United States ($314M), and Japan ($272M).

Imports In 2022, Canada imported $30.6M in Wheat, becoming the 124th largest importer of Wheat in the world. At the same year, Wheat was the 797th most imported product in Canada. Canada imports Wheat primarily from: United States ($28.9M), United Arab Emirates ($1.63M), United Kingdom ($49.7k), Chile ($15.4k), and Canada ($10.3k).

The fastest growing import markets in Wheat for Canada between 2021 and 2022 were United Kingdom ($49.6k), Chile ($15k), and Canada ($10.3k).

Latest Trends

February 2024

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Overview In February 2024 Canada's Wheat exports accounted up to C$926M and imports accounted up to C$2.74M, resulting in a positive trade balance of C$923M. Between February 2023 and February 2024 the exports of Canada's Wheat have decreased by C$-113M (-10.9%) from C$1.04B to C$926M, while imports increased by C$1.88M (221%) from C$854k to C$2.74M.

Destinations In February 2024, Wheat were exported mostly to China (C$155M), Bangladesh (C$121M), Indonesia (C$80.7M), Algeria (C$77.3M), and United States (C$77M), and were imported mostly from United States (C$2.74M), Nigeria (C$329), Iran (C$72), Denmark (C$15), and Czechia (C$12).

Growth In February 2024, the decrease in Wheat's year-by-year exports was explained primarily by a decrease in exports to South Korea (C$-34.6M or -98.3%), China (C$-16.8M or -16.2%), and Malaysia (C$-13.5M or -79.6%). In February 2024, the increase in Wheat's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)C$-113M(-10.9%)

IMPORT GROWTH (February 2023 - February 2024)C$1.88M(221%)

MAIN EXPORTER (February 2024)SaskatchewanC$437M

MAIN DESTINATION (February 2024)ChinaC$155M

This section shows Wheat's exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Wheat over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$8.87B

IMPORTS (2022)$30.6M

NET TRADE (2022)$8.84B

In 2022, Canada exported $8.87B in Wheat. The main destinations of Canada exports on Wheat were China ($1.53B), Japan ($814M), United States ($716M), Indonesia ($613M), and Colombia ($466M).

In 2022, Canada imported $30.6M in Wheat, mainly from United States ($28.9M), United Arab Emirates ($1.63M), United Kingdom ($49.7k), Chile ($15.4k), and Canada ($10.3k).

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